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Absa Group headline earnings increased 27% to R11 billion in the first half of the year as revenue increased, demonstrating a continued strong recovery from the global economic downturn in 2020.

Absa Rewards boosts its fuel offer to provide members with more value and cushion them against high fuel costs.

To increase access to affordable housing in South Africa, IFC and Absa Bank Limited, one of the leading providers of residential mortgages in the country, have partnered to support the expansion of housing finance targeting lower-to-middle income households in South Africautive Committee (Exco) and a refined operating model, effective 1 July 2022.

As part of Absa Group’s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group today announced a strengthened Group Executive Committee (Exco) and a refined operating model, effective 1 July 2022.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022.

Absa, a leading financial services provider in Africa, opened a new art gallery on Thursday, 19 May 2022. Located at the Absa Head Office precinct, piazza of Towers Main in Johannesburg central business district, the Absa Art Gallery officially opened its doors with the first exhibition titled ‘Voices: Past and Present’.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022

Johannesburg, 13 April 2022: Proudly African bank Absa, in partnership with the South African National Association for the Visual Arts (SANAVA), officially opened applications for the 2022 Absa L’Atelier, inviting artists from across the African continent to enter.

Absa Group has signed agreements with the Meltwater Entrepreneurial School of Technology (MEST) in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa to support and collaborate in initiatives that are aimed at growing emerging technology and other businesses in Africa.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing sector after it was dealt a blow in the third quarter of last year.